Software-as-a-Service digital solutions provider

Client is a Software-as-a-Service (SaaS) digital solutions venture for the SME market supplying low cost high value Enterprise Resource Planning work tool with >200,000 paying customers in China

Challenges


Client is an early stage seed venture with an established track record, cashflow positive and proven profit generating model. Notwithstanding, the company has two tranches convertible debt on balance sheet, each with a balloon repayment profile maturing over the next 12 months resulting in a near term liquidity crunch which would impede on their regional expansion plans including scaling its Data-as-a-service (DaaS) offerings.


Actions & Solutions


CCRFinance’s expertise was sought to advise the client on restructuring of their existing convertible loans to negotiate better terms with lenders / investors to rationalize its funding cost and achieve a more sustainable debt maturity profile taking into consideration its expansion plans.


Client engaged CCRFinance as an advisor to:

  1. Provide a plan to negotiate with new lenders / investors banker to stretch out its repayment schedule over 5 years

  2. Connect with new lenders and financiers to refinance existing convertible debt facilities with improved terms and conditions

  3. Structure an alternative financing solution taking into consideration the company’s existing stage of growth and future strategy to access more liquidity to support the business

CCRFinance

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